GACC Announcement No.85 of 2014 on Import Consumption Tax Adjustment
[2014-12-01 17:29:47]
Upon State Council approval, hereby announced is the GACC's adjustment of import-based consumption tax:
1. The import consumption tax shall be removed from the motorcycles with the small displacement of less than 250 milliliter; the import consumption tax shall be continued on the motorcycles with the displacement of 250 milliliter and more at the rates 3% and 10% respectively.
2. The tax item of automotive tyre shall be eliminated.
3. The import consumption tax shall be removed from automotive leaded gasoline; the gasoline tax item will not contain subheadings and will be entirely subjected to the tax rate on leadless gasoline.
4. The import consumption tax shall be removed from alcohol, the “liquor and alcohol” tax item will be changed to “liquor” item subject to existing import consumption tax policy.
This Announcement shall enter into force on December 1, 2014.
General Administration of Customs of China (GACC)
November 28, 2014
1. The import consumption tax shall be removed from the motorcycles with the small displacement of less than 250 milliliter; the import consumption tax shall be continued on the motorcycles with the displacement of 250 milliliter and more at the rates 3% and 10% respectively.
2. The tax item of automotive tyre shall be eliminated.
3. The import consumption tax shall be removed from automotive leaded gasoline; the gasoline tax item will not contain subheadings and will be entirely subjected to the tax rate on leadless gasoline.
4. The import consumption tax shall be removed from alcohol, the “liquor and alcohol” tax item will be changed to “liquor” item subject to existing import consumption tax policy.
This Announcement shall enter into force on December 1, 2014.
General Administration of Customs of China (GACC)
November 28, 2014
Source: ETCN
Keywords:GACCImport Consumption Tax
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